earnings
confidence high
sentiment positive
materiality 0.85
Axon Q1 revenue $461M (+34% YoY); raises FY outlook to $1.94-1.99B; to acquire Dedrone
AXON ENTERPRISE, INC.
2024-Q1 EPS reported
$1.73
revenue$460,736,000
- Q1 revenue $461M (+34% YoY); Axon Cloud & Services revenue $176M (+52% YoY).
- Net income $133M (28.9% margin); non-GAAP net income $89M; adjusted EBITDA $109M (+67% YoY).
- Annual recurring revenue grew 50% to $825M; net revenue retention 122%.
- Raises FY2024 revenue outlook to $1.94-1.99B (from $1.88-1.94B) and raises Adjusted EBITDA expectations.
- Agreed to acquire Dedrone, expanding TAM by ~$14B to $77B; expected close H2 2024.